Enerflex (TSE:EFX) Price Target Raised to C$39.00

Enerflex (TSE:EFX) had its price objective increased by stock analysts at TD Securities from C$28.00 to C$39.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price objective would suggest a potential upside of 27.24% from the company’s current price.

A number of other equities research analysts also recently weighed in on EFX. BMO Capital Markets upped their price target on shares of Enerflex from C$27.00 to C$35.00 and gave the company an “outperform” rating in a report on Thursday. ATB Cormark Capital Markets set a C$26.00 target price on shares of Enerflex and gave the company an “outperform” rating in a research note on Friday, December 19th. Raymond James Financial lowered shares of Enerflex from a “strong-buy” rating to a “moderate buy” rating and set a C$26.00 price target on the stock. in a research report on Wednesday, February 4th. National Bank Financial increased their price objective on Enerflex from C$17.50 to C$24.00 and gave the company a “sector perform” rating in a research report on Friday, November 7th. Finally, Royal Bank Of Canada raised their price objective on Enerflex from C$15.00 to C$17.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$24.97.

Enerflex Price Performance

TSE:EFX traded down C$1.19 during midday trading on Friday, hitting C$30.65. 998,207 shares of the stock were exchanged, compared to its average volume of 608,403. The company has a market capitalization of C$3.73 billion, a price-to-earnings ratio of 27.86 and a beta of 2.41. The company has a current ratio of 1.19, a quick ratio of 1.20 and a debt-to-equity ratio of 81.27. Enerflex has a one year low of C$8.74 and a one year high of C$32.13. The business has a 50-day moving average price of C$23.48 and a two-hundred day moving average price of C$18.98.

Enerflex (TSE:EFX) last posted its quarterly earnings data on Wednesday, February 25th. The company reported C$0.28 EPS for the quarter. Enerflex had a negative return on equity of 8.76% and a negative net margin of 3.72%.The company had revenue of C$821.97 million for the quarter. Sell-side analysts predict that Enerflex will post 0.734413 EPS for the current year.

Enerflex Company Profile

Enerflex Ltd engineers, designs, manufactures and provides aftermarket support for equipment, systems, and turnkey facilities used to process and move natural gas from the wellhead to the pipeline. The company’s focus is gas compression, where it offers a range of applications and gas inlet streams, from low-horsepower/low-pressure applications such as a coal seam gas and solution gas vapor recovery units to high-horsepower, centralized field, or processing plant compression. Enerflex operates three business segments: the USA, Rest of World, and Canada.